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Yeah agree, patience is the name of the game.. But not only do we have LS and everything that brings to look forward to, I think there will also be some news soon from Cap Energy.. In a block which is directly above Cap's Guinea Bissau assets, FAR announced in November has possibly 1.1 billion barrels of Oil (see link below) .. is encouraging this being right next to Cap.. and also look at the other licences Cap own, and in particular the comments on C. BLOCK DJIFFERE.. which also has some very large figures from nearby blocks!! Even our reasonably small stake in Cap could be worth several times market cap. From Final results.. A. BLOCK 1: Located offshore Guinea Bissau. Cap's net ownership of this field is 24%. This field has a P90 (i.e. 90% probability) resource of 77MMbbls (i.e. 18.5MMbbls net to Cap energy); B. BLOCK 5B: Located offshore Guinea Bissau. Cap's net ownership of this field is 27%. this field has a P90 (i.e. 90% probability) resource of 3,380MMbbls (i.e. 912.6MMbbls net to Cap Energy); C. BLOCK DJIFFERE: located offshore Senegal. Cap's net ownership of this field is 44.1%. The property has two immediately adjacent discoveries. FAN-1 (Cairn Energy) which has estimates ranging from 250MMbbls to 2.5Billion bbls. The other discovery SNE-1 is by ConocoPhillips and has resource estimates ranging from 150MMbbls to 670MMbbls. Here is the FAR Block near Cap.. http://far.live.irmau.com/irm/showdownloaddoc.aspx?AnnounceGuid=afce9475-fe4b-4165-9312-edc78ee12dae

zinc prices will keep rising.. stocks in storage are down to multi year lows and falling.. could well go under 200k this month which will be long term low. https://www.fastmarkets.com/base-metals/zinc-prices-and-charts/

Would probably be similar to last Nav, or maybe slightly up. APF shares up 10% ish since summer , GLEN was up about 20% from summer but has fallen slightly last few weeks. POG is midway between summer low and high currently, Silver slightly down.. rest of stuff is still in at cost. Maybe some insight as to plans alongside will be nice.

Yes, good shout on Nav update. Was one early December last year so possible soon. Been a while since last one (bundled with results ?)

We await the new updates ... “THE IBERIAN PYRITE BELT is one of the most outstanding Eu- ropean ore provinces, hosting one of the largest concentra- tions of massive sulfides in the Earth’s crust; it contains more than 1,600 million metric tons (Mt) of massive sulfide ore and about 250 Mt of stockwork ore (Oliveira et al., 2005, 2006; Tornos, 2006). The Iberian Pyrite Belt hosts more than 90 massive sulfide deposits. The dimensions of the deposits vary from 1 to >300 Mt (e.g., Neves Corvo, Rio Tinto, and Aljus- trel), including 14 world-class (>32 Mt) volcanogenic massive sulfide (VMS) orebodies (Laznicka, 1999). Despite their large size (eight deposits with >100 Mt massive sulfides), most are particularly pyrite rich and only 11 deposits can be considered large with regard to their Cu-Zn-Pb contents. Ten deposits are located in Portugal where currently only Neves Corvo and Aljustrel are being exploited. Rare trace metals, such as In, Ga, Ge, and Se that are used in high-tech applications and now critical to the continued survival of the industries producing equipment for renewable energy generation and LCDs, are clearly moving to the fore- front of the mining companies’ concerns because these met- als are often present in the traditional smelter concentrates produced in the mines within the Iberian Pyrite Belt (de Oliveira et al., 2007). Neves Corvo, a giant in terms of Cu content and supergiant with respect to Sn tonnage, has well- documented occurrences of In (Benzaazoua et al., 2003) that is included in the Cu concentrates sent to smelters. Because of the occurrence of In in Neves Corvo, the eval- uation of other Iberian Pyrite Belt deposits was launched. Fu- ture forecast scenarios of limited supply (e.g., Reiser et al., 2009a, b) further attest to the importance of understanding the geochemical and mineralogical distribution of In within the ores of the Iberian Pyrite Belt. This paper presents the re- sults obtained in the smaller and less well known Lagoa Sal- gada orebody, located approximately 80 km northwest of Neves Corvo, that was discovered in 1992 under Tertiary sed- iments of the Sado basin after detection of a Bouguer and a magnetic anomaly (Oliveira et al., 1998). Despite ongoing ex- ploration, the orebody is still not fully understood.” https://www.researchgate.net/profile/Fernanda_Guimaraes2/publication/234023645_The_Lagoa_Salgada_Orebody_Iberian_Pyrite_Belt_Portugal/links/004635371df4d1b3e5000000/The-Lagoa-Salgada-Orebody-Iberian-Pyrite-Belt-Portugal.pdf

imagine having a billion market cap after a 500k contract ha

the market cap is 11 million mate, not 1.1 billion advfn have the decimal wrong

Achieved.. the rattled someone for 30k+ of shares. Will be sold higher now.

No problem mate. It’s hard to keep the eyes on the prize when those around you want in on the cheap.

Yes, POG important.. it may begin to move up soon if rocket man starts firing regularly again. But regardless of the madness, POG will be well above $1300 next year. Above 2016 highs.

For reference take a look at neves corvo.. their revenue, and location “This third hole follows on from the highly encouraging first and second holes. Additionally, it demonstrates that the stockwork mineralization, in the stringer zones, likely has sufficient copper to be economic on its copper content alone. This new copper rich stringer zone is found in the ore bodies supporting the both the Neves Corvo and Aljustrel mines located nearby on the Iberian Pyrite Belt."

These are a great buy for coming years. Just get them low as you can and look back next summer.

What is my valuation wizard? Please inform me what I have said?

$750k lol.. so assuming they upgrade LS 1 to 8.0Mt-10Mt.. and "Lagoa Salgada hosts at least 16 other gravimetric anomalies" and "This underscores our belief that Lagoa Salgada could host more than one orebody that could become a mine.".. if they are selling it for $750k, then I will sell my house and buy it.. no brainer.

Haha.. maybe!.. Wizard is known for deramps and then buys in, then she goes quiet for a few days until she sells.. famously sold for a 1% profit a while ago and claims to be a "wizard" trader..

come on now.. don't succumb to being a troll again. Smile, and take a deep breath, it will have a positive affect on your life.

Hardy .. next year and beyond. JVs mount everest finance still holds roughly 19% of co .. It’s not like they are taking huge salaries or dividends from the company.. in fact it’s ran extremely prudent.. So what does he stand to gain from owning near a 5th of the company? More assets, huge appreciation of MEFs share holding, who knows .. maybe even a bumper pay day if THC goes public sometime in the years ahead. The guy is no fool! https://redstargold.com/corporate/directors/jacques-vaillancourt-cfa/

"Neves-Corvo is a copper and zinc mine that is owned and operated by the Portuguese company Somincor, which is a subsidiary of Lundin Mining." "Neves-Corvo has good connections to the national road network which links with Faro to the south and Lisbon to the north. The mine has a dedicated rail link into the Portuguese rail network and to the port of Set�bal. " LS is roughly 60 miles south of Neves Crovo mine, both reside on the Iberian Pyrite Belt and similar deposit types, and we could link into infrastructure relatively easy. https://en.wikipedia.org/wiki/Iberian_Pyrite_Belt#/media/File:IPB_zone.png Revenue.. http://prntscr.com/hgcoca Neves Corvo mine = Circa $246 million in metal sales in year 16/17 just gone. I think there will be companies sniffing round this once the final resource size is confirmed.

Hi shaz, yes important points of note. Looks like the MMs flushes some out today. It’s a cliche, but as they say AIM strips wealth from the impatient and gives it to the patient.

Morning Quadrum. Imo a bit of an over reaction with the short term holdings today. It’s not like a duster has been announced, the other 5 drills have produced staggering results, plus the Indium is still there and off the scale. :-) Yes we need more to buy into the story to see true value.. because right now the resource increase isn’t fact, it will need the final RNS for those on the sidelines to wake up and smell the coffee. In the meantime those who want to take advantage of today’s weak hands have another opportunity!!! (ffs)